By Dimitra Staikou When Prime Minister Narendra Modi arrived at the G7 summit, the most consequential conversation was not about trade, tariffs, or diplomacy. It was about who will shape the future of artificial intelligence—and whether that future will be…
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By Sabrina Khan (Dhaka Bureau) Bangladesh has marked a new milestone in South Asia’s journey toward eliminating gender disparity and establishing equal rights for women in economic activities. On Friday, June 19, 2026, the nation’s first large-scale, entirely paperless ‘Women’s…
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New Horizons in Regional Diplomacy and Economic Partnership By Asif Showkat Kallol (Dhaka Bureau) The Prime Minister of Bangladesh, Tarique Rahman, is scheduled to undertake his first official foreign visit after assuming office. International analysts view this upcoming six-day bilateral…
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Iran’s top military command has said it will shut the Strait of Hormuz in response to alleged violations of the ceasefire agreement by the US and Israel. The command said the crucial shipping passage will be closed to vessel traffic as the “first response” to alleged breaches of the deal, Reuters has reported. The military [...]
Uncle Sam Pez dispenser shooting out missiles
New York City Mayor Zohran Mamdani is seen outside a grocery store
By Asif Showkat Kallol (Dhaka Bureau) A decade has passed since the orchestration of the 2016 Bangladesh Bank reserve theft, one of the world’s most sensational cyber-enabled financial crimes. Ten years after the incident, an explosive interview by a top…
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By Asif Showkat Kallol (Dhaka Bureau) Bangladesh is moving towards financing the long-awaited Teesta River Comprehensive Management and Restoration Project with domestic resources, signalling a shift away from reliance on foreign loans for one of the country’s most strategically significant infrastructure…
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Brits don’t care about the price of milk, Kaleb Cooper has said, as he urged shoppers to buy more locally-made produce. The Clarkson’s Farm star told City AM that farmers would be “very, very grateful” for price rises if passed on to producers amid a battle to stay profitable in the face of higher costs. [...]
By Asif Showkat Kallol (Dhaka Bureau) As the delicate balance between human civilization and nature rapidly unravels, the mighty Brahmaputra River– one of South Asia’s primary lifelines- is facing a catastrophic existential crisis due to climate change. Multiple recent scientific…
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By Asif Showkat Kallol (Dhaka Bureau) The snow-covered vaults of Switzerland have long stood as an eternal symbol of global capitalism. Whenever stories of tax evasion, hidden wealth, or illicit financial flows emerge, the name of this European nation repeatedly…
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Figures on a boat looking at money
'People Before Profits' protest sign
The Bank of England has said it will tolerate a delay in getting inflation back to its two per cent target as it held interest rates at 3.75 per cent in a split Monetary Policy Committee (MPC) decision. Bank officials said they were closely monitoring the outcome of a peace deal being struck between the [...]
An influential group of peers have hit out at the government for ditching the Lords’ oversight of financial watchdogs as part of legislation passed in the King’s Speech. Writing in her capacity as chair of the Lords’ Financial Services Regulation Committee, Baroness Noakes said the government had “eliminated” an “integral” part of the regulatory system. [...]
By G M Forhadul Mozumder (Dhaka Bureau) South Korea, a global technology and industrial powerhouse searching for new investment destinations in South Asia, has now set its strategic sights on Bangladesh. At this critical juncture of global supply chain diversification…
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HSBC has agreed to cough up just shy of $25m after admitting to failures in protecting customers in Australia from scammers. The Australian arm of Europe’s biggest lender was investigated by the watchdog over alleged “widespread and systematic failures” to shield its customers targeted by fraudsters. The Australian Securities and Investments Commission (ASIC) said it [...]
Job vacancies available across the UK dropped again, official data revealed, posing a further risk for Britons out of work. The Office for National Statistics said the number of job vacancies fell by 19,000 between March and May. The unemployment rate dropped to 4.9 per cent per cent compared to five per cent in data [...]
By Asif Showkat Kallol The tea industry remains one of the pillars of Bangladesh’s export economy. Yet the human cost behind every cup of tea tells a story of systemic deprivation, structural violence, and enduring marginalization. For generations, the tea…
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By Halim Mohammad (Dhaka Bureau) The allure of stardom, overnight fame, and substantial financial prosperity- this triple attraction has turned ‘content creation’ into the most appealing and glamorous career path for the current youth generation. However, as dazzling as it…
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Good morning and welcome back to the City AM liveblog. Interest rates are expected to be left unchanged at 3.75 per cent when Bank of England’s monetary policy committee meets today as rate-setters wait to find out whether the Iran war peace deal holds up. The Bank’s decision will follow Thursday’s inflation data, which stayed [...]
Interest rates are set to be held on Thursday in what some analysts believe could be a split decision as two Bank of England officials could back a 25 basis point hike. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent, though some members could back a [...]
Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Tax authority probes into households’ inheritance tax returns have surged to a six-year high, after a government-led crackdown on avoidance and non-compliance. HMRC opened a total of 4,940 formal inheritance tax enquiries over the last financial year, according to new data obtained by chartered accountants Price Bailey, an 18 per cent increase on the previous [...]
Artists boost the economy and enrich society, yet many struggle to make ends meet. Enter Ireland's basic income scheme
The post Ireland is now paying artists a basic income. Will the idea catch on? appeared first on Positive News.
Europe’s biggest lender HSBC has sealed a a tech tie-up with Google where it aims to use AI to scout priority projects that could bank the firm $100m in “efficiency gains”. The FTSE 100 giant is planning to roll out Google Cloud across its operations in a deal that the bank says will allow 200 [...]
Shares in Hays see-sawed on Wednesday morning as the recruiter revealed it had offloaded operations across six different countries. The FTSE 250 human resources firm said it had banked £4m on the sale of operations in the Czech Republic, Denmark, Hungary, Luxembourg, Romania and Sweden. The group expects the transaction to lead to a non-cash [...]
Grasping a trillion-dollar wealth is almost unconceivable, but let's turn it into something perhaps more relatable.
Inflation has stayed below three per cent although economists are predicting further price increases later this year. The Office for National Statistics said inflation in the year to May was lower than economists expected with the consumer prices index (CPI) showing a reading of 2.8 per cent. Core inflation, which strips volatile energy and food [...]
By Asif Showkat Kallol (Dhaka Bureau) Against the backdrop of multifaceted domestic economic crises and escalating global geopolitical uncertainties, the Government of Bangladesh has set a highly ambitious GDP growth target for the upcoming fiscal year 2026-27. Standing firm in…
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